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Oct 4, 2012
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what are you going to do to turn around the chinese government, the chinese government to buy more coal, doing know. but today you can see a nice little move up. >> at least in that sector, the cause and effect is a little more clear. thanks, bob. of course, the markets, are they getting a boost after last night. we're joined here at post 9. good to see you as always. what do you make of the argument that this is somehow related to the race for the white house? >> you know, i think investors are looking for any opportunity to buy into the market. we've seen the waves trend higher an higher. there have been cell signal-- s signals. everyone was expecting some resort. >> is there much hesitancy for investors? >> i think there's still signals to stay in this market. we have a lot. like you said, earnings season, we still have a lot of economic data, jobs numbers coming out tomorrow. investors want to be in this market. i think reason for them to stay in the market, the magnetic effect is still here. >> a couple of weeks ago the journal has said o those who have ridden the rally are going t
what are you going to do to turn around the chinese government, the chinese government to buy more coal, doing know. but today you can see a nice little move up. >> at least in that sector, the cause and effect is a little more clear. thanks, bob. of course, the markets, are they getting a boost after last night. we're joined here at post 9. good to see you as always. what do you make of the argument that this is somehow related to the race for the white house? >> you know, i think...
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Oct 5, 2012
10/12
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he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for those jobs and looking at other alternative forms of energy and we have to have a balance of both. >> the unemployment rate falling below 8% for the first time since january 2009 and i'm sure the labor department was hearing about that this morning. at the same time, can you tell the american people that this 7.8 number marks the turnaround that we have seen the worse when it comes to the labor market. i would say we still have a ways to go and we have it well below 12 million and we have to continue
he said 4 million is reasonable, but the federal government is not being helpful. i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a...
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Oct 3, 2012
10/12
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the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too pessimistic. we're in the middle zone. 162,000, it might be better than they were expecting. currently on jobses we've averaged a smidgen for the third quarter. i guess in the end the numbers give me confidence because it is a bigger part of the economy. but none of this is to write home about on the recession side. >> my perspective is i'm afraid we're falling off a cliff. the ism numbers don't tell us that. it shows that we're in a modest area and recession is not around the corner. but let's say your test is putting millions back to wo
the government has been losing jobs. we can argue about the thousands here, 1,000 here, 10,000 there, the economy has been growing at 1.5 to 2%. in the 150, 160,000 range. the better argument for the future would be one where we're arguing over 250 versus 150. >> steve, you know what i find fascinating? it seems as though we just keep shaving the curve a bit when data is doing better several months ago. we were too optimistic. when data started to do reversals of late, maybe we were too...
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Oct 1, 2012
10/12
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it has to buy essentially government-guaranteed debt. >> or shares of apple, which would also please a lot of people. >> it can't do that. >> i get that. thank you, steve. >>> as we kick off the first day of the fourth quarter, we have deutsche bank's top u.s. equity strategist here on how to best navigate the markets, sitting at session highs right now. joined now by david bianco on post 9. >> thank you. >> you're actually skeptical, which i was surprised by. you have been a noted bear on wall street. but now you see that there could perhaps be headwinds when it comes to third-quarter earnings? >> i've been bullish during darkest hours of this market the past couple of years. the reason i'm cautious, i'mall quarter, we've seen a deterioration in export activity, investment spending and manufacturing activity that has something to do with the fiscal cliff uncertainty. certainly has to do with europe. i think it mostly has to do with the sharp deceleration in chinese construction activity. i don't think we're going to see any sign of a major improvement there until early next year. ri
it has to buy essentially government-guaranteed debt. >> or shares of apple, which would also please a lot of people. >> it can't do that. >> i get that. thank you, steve. >>> as we kick off the first day of the fourth quarter, we have deutsche bank's top u.s. equity strategist here on how to best navigate the markets, sitting at session highs right now. joined now by david bianco on post 9. >> thank you. >> you're actually skeptical, which i was surprised...